7-13 New Wakefield Street, Manchester, Greater Manchester

Property details

An adjoining end and mid terraced property comprising a period 1920’s part 4 part 5 storey with basement building of brick and steel construction under a composite covered concrete flat roof.

7-9 New Wakefield St (end terraced) is arranged as a licenced premises (The Font) over
basement and ground floor, with offices above (Tier UK Ltd) on the 1st floor and 14 self
contained apartments (currently let on AST’s) on the 2nd-5th floors.

11-13 New Wakefield St (mid terraced) is arranged as a licenced premises (Brick House
Social) over ground floor, 1st floor and basement with the 2nd and 3rd floors (Paragon
Marketing) being character offices with their own self contained entrance at street level.

BUILDING HIGHLIGHTS

* Offers in excess of £4.6m which represents a low capital value of £153/sqft

* Rare opportunity to purchase a Freehold building in a fast developing area of the City

* Fully let producing a gross income of £334,040 per annum which represents a gross yield of 7.3%.

* Excellent tenant mix comprising leisure, office and residential.

* Extremely vibrant student area in a fast developing location with a variety of new high
rise developments in close proximity including the exciting Circle Square development.

* Future development potential.

Location

Manchester Central, Manchester City Centre